| Former type | Public |
|---|---|
| Industry | Information Technology |
| Fate | acquired by Capgemini |
| Founded | 1989 |
| Defunct | 2006 |
| Headquarters | Chicago Pune Hyderabad Chennai |
| Key people | Raymond Spencer, Chairman |
| Revenue | US$ 230.5 million |
| Employees | 6500 (2006) |
| Website | http://www.kanbay.com |
Kanbay International, Inc. was a Chicago-based global information technology (IT) services firm with about 6900 associates worldwide. Founded in 1989, the organization offered management consulting, technology integration, application development, and outsourcing strategies for industries including financial services, consumer and industrial products, communications and media, and life sciences.
Kanbay had offices in North America, India, London, Singapore, Hong Kong, and Melbourne.
On October 26, 2006, services firm Capgemini made a US$1.25 billion bid for Kanbay, the US-based IT consultants, in a bid to expand its footprint into the US and Indian markets.
Contents |
Banking, serving retail and private banking, business and consumer lending, and general financial services. Three of the top five global banks were Kanbay clients.
Credit services, including credit cards, debit cards, smart cards and all the systems that make them work. Kanbay works with 4 of the top 5 credit card issuers across the globe and they are host to the world’s largest concentration of VisionPLUS programmers.
Securities & investments, including trading, brokerage, and investment banking. 4 of the 5 bulge bracket firms are Kanbay clients.
Consumer & industrial products Kanbay’s acquisition of Adjoined brought them some of the largest beverage and food companies in the world and industry-leading names in retail, toys and cosmetics.
Life sciences, Adjoined’s life sciences industry vertical encompasses labs, pharmaceutical companies and distributors, biotechnology firms, medical diagnostic firms, and medical device manufacturers. Our clients include 3 of the top 5 pharmaceutical companies in the world, 2 of the top 3 pharmaceutical distributors.
Telecommunications & media, This industry serves the industry leaders in wireless, cable and Internet technologies plus key players in traditional media. Clients include 2 of the 4 largest wireline carriers and 2 of the 3 largest wireless carriers in the United States.
Kanbay's services are divided into four areas: management consulting, technology integration, application development and outsourcing and maintenance.
Management consulting » Supply chain management » Customer value management » Research services
Technology integration » Customer relationship management » Enterprise resource planning » Business intelligence
Application development » Enterprise architecture » Legacy modernization » Web enablement » Independent testing services
Outsourcing & maintenance » Application maintenance » Production support » Infrastructure management » Level III application hosting
Geographic regions are led by local managers and directors, some of whom sit on the company’s Global Executive Council. Kanbay's leadership team is not all based at company headquarters in Chicago—they are based across our regions to be close to Kanbay clients and associates, the company claims.
Kanbay traded on the NASDAQ stock market under the ticker symbol KBAY.
Kanbay was founded in 1989 by Raymond J. Spencer, Dileep Nath, and John Patterson in Chicago, IL.
In 1991, Kanbay established its India office to support delivery of software development services, and in 1992, it established a Hong Kong office to serve the Pacific Rim.
1995 saw Kanbay establish what was to become its largest development center. From its new center in Pune (India)Kanbay refined its multi-site approach to address complex issues of project management.
In August 1998, venture capital firm Safeguard Scientifics, Inc acquired an interest in Kanbay. That November, Kanbay established a Singapore office to expand its ability to serve the Pacific Rim market.
In April 1999, Kanbay established an Australia office in Melbourne, and in June established its UK office in Cambridge.
In October 1999, Kanbay acquired Megatec, a $15 million Melbourne, Australia-based eBusiness products and solutions firm.
Partnering for success took on a new meaning when in 2000 Morgan Stanley and Household International acquired an equity interest in Kanbay.
In June 2001, Kanbay announced its ISO 9001 certification and in September it established an office in Tokyo. Kanbay inaugurated its technology center in Pune, India in October 2001.
Kanbay's India operation expanded to Hyderabad in 2003. In the same year, it achieved its first CMM Level 5 certification for project work. In 2004, Kanbay received one of the first global assessments for CMM Level 5.
2004 also brought two Kanbay milestones. In July, Kanbay International became a publicly traded company, listing on the NASDAQ under the symbol KBAY.
In early 2005, the company acquired Accurum, an IT services provider to the capital markets industry. On August 3, 2005 the company celebrated its one year anniversary as a public company by ringing the NASDAQ bell to open trading.
In early 2006, Kanbay acquired Adjoined Consulting a professional services firm. In particular, Adjoined offered formal management consulting and added its ERP implementation capability to Kanbay
Kanbay is now a division of Capgemini under the name FS-GBU (Financial Services Global Business Unit).